FINANCIAL MATHEMATICS I

Undergraduate

This first course in financial mathematics includes topics such as measurement of interest; the growth of money; annuities and perpetuities; loan repayment; bonds; common and preferred stocks; the term structure of interest rates; interest rate sensitivity; using duration and convexity to approximate change in present value; interest rate swaps; and determinants of interest rates. PREREQUISITE: MATH 1910 Three lecture hours plus a two hour lab per week